Best way to invest for retirement income
If you are like I was at my first day on the job for an employer, I had no clue about the company retirement plan. Yes, they gave me the papers but they were not in English—legal for lawyers. I could not decide which investment option to pick. I took the suggestion of the HR person and had them take 6% of my pay into a very conservative fund called a “stable value fund.” This was not a good choice at my age. However, they matched my tax-deferred contribution so I appreciated what I had. Investing at the same amount on a set schedule (payday) was good since I learned later that “dollar-cost averaging” is the best way to invest for the long term unless you have insider info like our representatives. Since no one knows whether the market will be up or down on any given date, it is best to invest on the same day every month. However, I did not learn until later that I should have chosen to invest in a low-cost stock market index fund instead of “stable value.” Stable value funds are for when you are IN retirement not when you have 35-40 to invest! After studying the most successful investors and fund managers, I learned that the best way to invest for retirement is to buy the shares of a cheap stock market index on a monthly basis for the same amount. “Almost no one who is operating honestly can maintain a persistent information edge over the millions of other smart investors who comprise the market.” As Warren Buffett says: "A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money." Fidelity study of millionaire retirees confirms his advice.
The BEST advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Is real estate a good investment?
Recently, the investment industry has become active in purchasing homes for investment. So does this mean that real estate is a good investment for the most working people? Most folks who own their own home have seen the value of their home increase for a number of reasons. For many new working people, there are fewer homes that are affordable. And for many older working people, where would they go to live in order to cash in on the higher home values? In the East, many older homes have increased in value: Average home cost $250,000 in 1991. By 2020, it was worth about $800,000. As an investment, a single family earns about 4.5% per year; not counting the huge property taxes here. Not a great deal long term for properties in the metro areas. However, a low-cost mutual fund of real estate provides over 10% per year. A real estate fund includes all types of properties and is comparable to the stock market index which provides over 11%. Therefore, a low-cost balanced portfolio has helped many investors earn over 11% a year for a long time. Low-cost investing beats high-cost advisor investing.
Use low-cost funds: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X/
Buffett’s secrets to NOT losing investments
Leverage—borrowing money to invest—creates a double gamble.
Buffett: “If you’re smart, you’re
going to make a lot of money without borrowing.” All debt does is increase
your risk. So we don't buy most Closed-End Funds (i.e., CEFs). We don’t
use our broker’s money. Margin debt can rattle your mind. “And an unsettled mind will not make good
decisions.” You not only lose any gains, you may lose your equity. Better to
concentrate on finding value and using the magic of compounding.
https://www.amazon.com/Warren-Buffett-Millionaire-money-snoring/dp/1508887381
Will Social Security benefits be there when you need them?
Congress does not like to spend money for the important things. They like to give defense contractors, oil, gas and coal companies subsidies because that pays their election bills. They like to create tax loopholes so they and their friends do very well. They use insider information that is illegal for us to use. Since the Supremes 2010 decision to treat $ billion companies the same as you and I in terms of election gifts, Congress must do what these companies want. Because there are more old people and fewer working people, SS benefits will be reduced to 78% of normal benefits by 2034 according to SS trustees. Since Congress is unlikely to deal with this collapse of the single most important support for seniors before it is too late, older Americans will be faced with the poverty that existed before SS was created in 1935. Bread lines were daily work for many depression-era out-of-work workers. The wealthy could live overseas untouched and untaxed just like today.
Prepare now: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
New car insurance data may help you save
More accurate tools allow insurers to offer the safest drivers the opportunity to secure a better premium directly. With 45% of drivers willing to switch insurance providers for savings and 69% willing to share data for discounts, drivers can leverage an insurer’s lower cost of signing new customers. Usage-based insurance (UBI) means you can save if you drive fewer miles than the average driver. Your smartphone and other devices may save you even more because sensors can provide accurate risk-assessment. Better drivers mean lower costs for drivers and insurers. Your agent will not call you to cut the premiums and their commissions.
You must shop to save: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Have you taught your child how to make tax-FREE money?
Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.
Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Mo
Brooks exposes dictator plot
More
coup conspirators ignore subpoenas
How Govt wastes our money:
Biden: wealthy
to pay less tax than middle class instead
of collecting what they owe
Trump Guilty
of 'Numerous Felonies': lying about assets, tax evasion: 2024 dictatorship
Trump guilty: illegally
obstruct Congress: his lieutenants ignore subpoenas: never
jail
Will
Trump and Jan 6 coup-attempt receive punishment: white-collar crime-free
legacy
Ex-Im bank reauthorized 17
times: evidence that it is unnecessary: we
subsidize Boeing
Russian
sanctions not working: Oligarchs
moving their assets to Turkey: US
can’t grab
SCAMS/SPINS:
Biden
wealth tax 20%; Average
worker 32.9%: Buffett
pays 17.7%; Richer
pay 8.2% or $0
Wealthy
have NO taxable income: Most wealthy
use intricate legal/foreign centers for job/assets.
Hundreds of tax accountants ready
to negate Biden new taxes: ‘double Irish’: audits down 72%
Rick
Scott wants all to pay tax: start with big avoiders like Rick, Trump, his
friends and others
FTC sues TurboTax to stop
‘misleading’ ads for free tax prep software: IRS
free file
SEC asks advisors: act as fiduciary if taking
hidden 12b-1 ‘wrap’ fees, wrong class fees
Apple & Facebook gave
up our data to hackers pretending to be law officials: no warrant
Alpine Securities caught
misusing customers funds, excess fees, no notice: defrocked
Naseem Mohammed Salamah caught
stealing $968,000 promised diversify; ignored stmts
Edfinancial Services caught
deceptive & misrepresenting forgiveness options to students
Michael Pellegrino Goldstone Financial sold
notes from 1 Global Capital, a fraud
Hunter Biden $1
million deal China Energy: leveraging Dad’s history: bribery? Payoffs?
One
dictator asks other for help in winning election again: What Putin gets
from Trump
Prince
Jared gave Jan 6 lawyers a piece of his royal mind: “truth and nothing but”
982,000
dead: 61% of unvaxxed are Republican: GOP
trimming voters for 2024
‘No’
to anti-lynching bill: Andrew Clyde (
Price controls for drugs: do
you have to be rich to be able to afford lifesaving drugs?
Biden
gets to the root of our problems, finally: “Putin
is butcher”
Putin
“smash and grab” Swiss watches in retaliation for taking his ‘secret’ bank
accounts.
Putin
to take East Ukraine: split East & West like Korea N&S: Putin killed 2014 plane
Fake
protection against nuclear war: temporarily protect potassium iodide price
double
Fake
“Top Doctor” Awards had chosen journalist: friends nominate anyone: Just
$289.
Recall
Skippy with steel fragments for your “daily iron requirement”
Ikea
will pay you to get its old furniture back: some restrictions apply!
Jobs
600,000 cyber security jobs that remain unfilled: Cyberseek
Companies
making remote work long-term for now: saves gas
Corporate
profits rose 25% in 2021 yet 1/3
of workers make $15 hour: $2,400 mo. gross
Who owns your account now?
Abortion bans by state map: where can someone in need get help
I know, people, not guns kill but counties with highest gun deaths lack any controls
FL teachers become morals police for state gov: teachers become behavior monitors.
RIA
Eaton Vance WaterOak Advisors to CI Financial
Navy announced it will christen a future ship the USNS Ruth Bader Ginsburg
Constellation Insurance to Ohio National Mutual
Miracles:
Antarctica
ice shelf size of NYC melts into Atlantic: a first in history: move inland!
Vampire bats are the
only
mammals that can survive on a diet of just blood.
Covid supplies and
tests via website search engine: https://www.covid.gov/
We can apply for
Medicare online: https://blog.ssa.gov/apply-for-medicare-online
We can apply for Social
Security online: https://www.ssa.gov/benefits/retirement/
We can apply for
health care online: https://www.healthcare.gov/
IAN
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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